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04 February 2010

Gambler gives PartyGaming a £1.8million boost - 3rd February 2010

Online betting firm PartyGaming reported fourth-quarter revenue up by a third yesterday, helped by a single gambler who poured more than half of his £3.1million jackpot straight back into its slot machines.

The punter grabbed the huge rollover on the group's PartyCasino site, after PartyGaming hiked the amount it pays out for jackpot wins.

But after withdrawing £1.3million, he ploughed the remaining £1.8million into the group's slot machine games and lost the lot.

The unexpected cash injection helped PartyGaming to increase revenue by 32 per cent to £87.2million during the quarter, but the company also cited strong growth in all four of its divisions - casino games, poker, bingo and sports betting.

Chief executive Jim Ryan is thought to be close to tying up a merger with Austrian-based rival Bwin, in a deal that would create a £2billion gaming titan.



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